Persistence of high India to Europe air cargo rates expected
NewsIn addition to the Red Sea conflict, recent economic indicators suggest underlying demand growth, particularly in India’s production and export orders.
The Port of Salalah in Oman is offering its customers a sea-air option for cargo moving between Colombo in Sri Lanka and Cairo in Egypt.
The new multimodal service involves APM Terminals, which owns 30% of the port’s operating company and manages the port, teaming up with Oman Airports Management Company. Customers of the service will benefit from prioritised bookings, loading and stowage, clearances and airlifting.
The parties claim that the service will reduce transit times between the cities by 20%-40% and, compared with a pure air freighter service, save customers 10%-20% on their freight costs.
“The innovative venture is unlocking tomorrow’s potential today through integrated logistics solutions for our customers,” said Keld Mosgaard Christensen, CEO of the Port of Salalah. “Time and cost savings make the move pivotal.”
He added: “This achievement is the outcome of our joint endeavours to revolutionise Salalah into a multimodal supply chain hub as part of the Salalah Value Proposition initiative. It marks a significant milestone and a pivotal moment for all of us.”
This move will also help Oman’s growing reputation as an increasingly important logistics hub in the region. The country has invested heavily in its ports and transport infrastructure and has two important maritime hubs – at Salalah and Sohar – an emerging international gateway at Duqm, and a modern airport in Muscat.
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This complete item is approximately 230 words in length, and appeared in the September 2023 issue of WorldCargo News, on page 1. To access this issue download the PDF here
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